Madonna 'to give £32 million' to Guy Ritchie

Madonna is set to give Guy Ritchie a £32 million divorce payout, according to reports.

The 50-year-old American singer divorced her film director husband last monthPhoto: AFP / Getty Images

By Chris Irvine

12:10PM GMT 07 Dec 2008

The singer will reportedly give Ritchie a cash sum of £12 million as well as the couple's 1,200 acre Ashcombe House country estate in Wiltshire worth £20 million. Ritchie will also keep his £3 million Punchbowl pub.

The 50-year-old American singer divorced her film director husband in a matter of minutes in a "quickie divorce" at the Principal Registry of the Family Division in High Holborn, London last month.

In a statement released by the court, Madonna petitioned for divorce on the grounds of 40-year-old Ritchie's "unreasonable behaviour", which she said was "continuing" but not affecting her health.

Madonna is set to keep her £300 million fortune after Ritchie – thought to worth £30 million thanks to movies such as Snatch and RocknRolla – said he did not want any of her money.

Legally he could have been entitled to claim up to half the wealth earned during their seven-and-a-half year marriage, thought to be £120 million.

It is thought the £12 million offer came after the singer refused to split their marital home in Marylebone, London.

A source told The News of the World: "He is getting one lump sum imminently. Guy wanted to stay in their London home but Madonna refused to split it in two, and eventually gave him £12 million as compensation. She decided early on that he should get Ashcombe.

"Guy's ducked out of fighting over her fortune, even though he could be entitled to a big chunk."

A friend of Madonna told the paper: "She is fed-up at reports that Guy is walking away with no money – she has sorted his finances for life."

The couple will share custody of their sons, Rocco, eight, and three-year-old adopted David.

Madonna's 12-year-old daughter Lourdes, from a previous relationship, is expected to live in America with her mother.